UMB Bank reports lower earnings for 2015

Kansas City-based UMB Financial Corp. announced Wednesday that deposits and loan volumes at is banks grew in 2015, but profits declined slightly for the year.

The bank, which operates a branch in Lawrence, announced earnings of $116.1 million, or $2.44 per share in 2015. That’s down from earnings of $120.7 million or $2.69 per share in 2014.

Deposits, however, increased by nearly 11 percent for the year, and loan totals increased by 26 percent, compared with the same period a year ago.

Mariner Kemper, president and CEO of UMB, said in a release that 2015 was a year of change for the large regional banking chain, which included an increased emphasis on maximizing efficiencies.

“During the year, we implemented several organizational changes, and while we have faced some headwinds, we have a lot to be excited about,” Kemper said.